Fox Corp to acquire Roku in $22 billion cash‑and‑stock deal

Fox Corporation announced a cash‑and‑stock agreement to purchase streaming platform Roku for approximately $22 billion, including debt. The transaction values Roku at $160 per share—$96 in cash plus about 0.9693 Fox shares for each Roku share—representing a 33.7% premium.

The combined entity is expected to become the third‑largest television player in the United States by viewing share, giving Fox access to more than 100 million households, Roku’s first‑party data and the Roku Channel. Fox says the platform will remain open and partner‑friendly, with no immediate changes for customers. Roku founder and CEO Anthony Wood will retain his role, join Fox’s board, and continue to lead the Roku business. Lachlan Murdoch, Fox’s CEO, said, “We are confident this is the right transaction, at the right moment, for all the right reasons.”

Market reaction saw Fox shares dip more than 4% after the announcement, while Roku’s stock moved modestly higher. The deal awaits approval from both companies’ shareholders and regulatory clearance, with an expected close in the first half of the next year.